Rank the following goods from most elastic to least elastic: fruit, apples, Granny Smith apples
A) Fruit, apples, Granny Smith apples
B) Apples, Granny Smith apples, fruit
C) Granny Smith apples, apples, fruit
D) The goods cannot be ranked by elasticity because it ultimately involves the problem of comparing apples to oranges.
C
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Which of the following would shift the supply curve to the right?
A) A rise in the expected future price of the good B) A rise in the costs of producing the good C) Fewer producers in the industry D) All of the above. E) None of the above.
Under __________ a borrower gets advance approval from the SEC to issue securities up to a certain amount at an unspecified time in the future
A) advance registration B) pre-registration C) guaranteed registration D) shelf registration
Explain how the Social Security program affects economic output.
What will be an ideal response?
The best measure of net investment is
A. Gross investment per capita. B. Real GDP growth rate. C. Gross investment less depreciation. D. Real GDP per worker.